Search Results for: NTPC

The Rajasthan Cabinet, chaired by Chief Minister Bhajanlal Sharma, approved establishing four joint venture companies focused on renewable and thermal power generation and transmission. The Cabinet also approved the development of metro rail projects under a joint venture with the central government, which is in line with the Metro Rail Policy 2017. Following an MoU signed with various central public sector companies on March 10, 2024, the state Cabinet approved the formation of joint ventures…

NTPC Renewable Energy Limited (NREL), a subsidiary of NTPC Limited, is developing a 630 MW solar project in Barethi, Chhatarpur district, in Khajuraho. The project, executed under the Engineering, Procurement & Construction (EPC) mode, has been sanctioned by the Ministry of New & Renewable Energy (MNRE) under the Solar Parks scheme. The land for the project has been transferred to NREL. Notice Inviting Tender (NIT) for the EPC Package and Pooling Substation Package have been…

Serentica Renewables, a subsidiary of Vedanta Group, is planning to expand its capacity, aiming to add nearly 2 GW in FY25 with a capital expenditure target of Rs 150 billion. The company currently has 4 GW under construction and plans to sign power purchase agreements (PPAs) for an additional 4 GW within the next two quarters. Serentica is also seeking partnerships for an energy storage project and has intentions to enter the green hydrogen sector…

The 2024 Union Budget of India introduced significant measures to boost the energy sector, emphasising renewable energy adoption, energy transition, and infrastructure enhancement. Here are the key highlights: PM Surya Ghar Muft Bijli Yojana: 10 million households will receive up to 300 units of free electricity monthly, supported by subsidies and concessional loans, with a National Online Portal for streamlined applications. Renewable Energy Funding: The Ministry of New and Renewable Energy (MNRE) has been allocated…